Good morning my cryptopublins and welcome inside the bar where an EOS token will get you a burger and a beer, and a Bitcoin will get you 49% ownership of the whole bar.
Today is the kind of day where you keep an eye on your charts, look for FIAT, and avoid looking at the USD value of your portfolio. Bitcoin is down 5% from this point yesterday and over $7,400 up from a low of $7,260. Also around 5% down are ETH, Bitcoin Cash, Neo, and Bitcoin Gold. EOS is up a touch but still a bargain at under $12 heading into the main net launch, and 0X (ZRX) is absolutely killing the clown race up over 12% as Paradex announced it is joining Coinbase https://cryptodaily.co.uk/2018/05/0x-12-paradex-confirm-coinbase-partnership/
T&A today is brought to you by 
Taking a look at the Bitcoin 12-hour chart (each candle represents a 12-hour period) we can see the price rattling down the channel hitting resistance and support numerous times. I had not forgotten about the sobriety line (which is support from the last 2 bottoms) but didn't draw it much lately as it seemed more unlikely than it does today. With the new local support at $7250 and a slight bullish divergence on the Stochastic relative support index (RSI), if the price stays above $7,400 for the next 9 hours, we might be on the way back up a bit.
Bonus T&A brought to you by 
EOS should be interesting to watch every couple days for the next week as the price does its thing for the Mainnet launch on June 2nd and people buy up their EOS on speculation of success. We are in oversold territory (for 12 days) on the STOCH, there is a bullish divergence, and due to break upwards from the descending wedge. With this volume, all the trade speculation, and a strong cross upward on the MACD, I would expect to hit $14+ to get modestly back to the median line, and would not be surprised to see 18 again in the next couple days.
Coins correcting quicker today include:
- Odem (ODE) - Global Education Market on the block chain - https://odem.io/ https://www.tradingview.com/symbols/ODEETH/
- Zencash (ZEN) - Money, Messages and Payment still a strong buy - https://zencash.com/ https://www.tradingview.com/symbols/ZENBTC/
- Aidcoin (AID) - Transparency for the Non-profit industry - https://www.aidcoin.co/?lang=en https://bittrex.com/Market/Index?MarketName=BTC-AID
Personal Trading Strategy today - Curse my weak hands for not holding out for 7250 BTC, serve pitchers/make tips/buy the bottom (wherever that may be.)
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